CHANGCHUN — First Auto Works Car Co. Ltd. posts a 10% interim profit increase, despite a drop in sales and a generally flagging automotive market. During the year's first half, FAW sold 7,153 units of its upscale “Honqi” Red Flag cars (based on Audi 100 technology), down 16% year-on-year. However, during the first six months of this year, the company reported a net profit of RMB216.36 million (US$26.2 million), up 9.5% year-on-year. Company officials attribute the rise in profits to ...

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